FXI, A Pre NFTRH+ Highlight

NFTRH+ is really nothing more than an effort to formalize a less important aspect of the entire NFTRH service, which is macro market management through a 25-35 page weekly report and in-week updates, along with individual equity highlights when I feel a good risk/reward setup and/or like what I see on a chart.

Before NFTRH+ and before the current crop of ‘Buy China! Buy Emerging’ callers emerged, there was the NFTRH highlight so many weeks ago in an ETF update showing what looked like an Inverted H&S bottoming patter.  It’s target by the way and FYI, is 40.  I already took my profit on the vehicle I used (TDF), but the FXI target is alive and well; and it’s closing in.

Here’s the updated chart, untouched from that update.